CMP Risk Management & Mitigation Flashcards
6 cards from real CMP practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.
Read the first 6 CMP Risk Management & Mitigation flashcards as text
Which risk assessment framework categorizes capture risks by probability and impact on a two-axis grid?
Answer: Risk matrix (heat map)
A risk matrix plots probability against impact to help teams prioritize which capture risks require the most urgent mitigation.
What is the primary purpose of a risk register in a capture plan?
Answer: Document identified risks and mitigation strategies
A risk register records each identified risk along with its owner, likelihood, impact, and mitigation plan in one central document.
Which risk response strategy involves shifting the financial or operational burden of a risk to a third party through subcontracting or insurance?
Answer: Risk transfer
Risk transfer moves the exposure to a party better positioned to manage it, such as subcontracting a high-risk technical component to a specialist.
In capture planning, a 'Black Swan' event is best described as:
Answer: A highly improbable, high-impact event that is difficult to predict
Black Swan events are rare, unpredictable occurrences with significant consequences that fall outside normal risk expectations.
What does 'risk appetite' define in the context of capture management?
Answer: The level of risk an organization is willing to accept in pursuing a contract
Risk appetite guides bid/no-bid decisions by defining how much uncertainty the organization is prepared to tolerate when pursuing an opportunity.
Which ongoing capture management practice involves continuously monitoring risk indicators throughout the entire pursuit lifecycle?
Answer: Risk surveillance
Risk surveillance ensures emerging threats are detected and addressed before they derail the capture effort, rather than being assessed only at the start.